ChipMOS Reports May Revenues Of $62.3M, Up 10.4% Y/Y; Says It Is Benefiting From Improved Customer Inventory Stabilization And Broader Market Growth
Portfolio Pulse from Benzinga Newsdesk
ChipMOS reported May revenues of $62.3 million, marking a 10.4% year-over-year increase. The company attributes this growth to improved customer inventory stabilization and broader market growth.
June 07, 2024 | 10:31 am
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ChipMOS reported a significant 10.4% year-over-year increase in May revenues, reaching $62.3 million. This growth is attributed to improved customer inventory stabilization and broader market growth.
The 10.4% year-over-year increase in revenues is a positive indicator of ChipMOS's performance, driven by improved customer inventory stabilization and broader market growth. This is likely to have a positive short-term impact on the stock price.
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